Search Legislation

The Mortgage Indemnities (Recognised Bodies) Order 1996

What Version

 Help about what version
  • Latest available (Revised)
  • Original (As made)

Opening Options

 Help about opening options


This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

Statutory Instruments

1996 No. 161


The Mortgage Indemnities (Recognised Bodies) Order 1996


30th January 1996

Coming into force

20th February 1996

The Secretary of State, in exercise of the powers conferred on him by section 444(1) of the Housing Act 1985(1) and of all other powers enabling him in that behalf, and with the consent of the Treasury, hereby makes the following Order—

Citation and commencement

1.  This Order may be cited as the Mortgage Indemnities (Recognised Bodies) Order 1996 and shall come into force on 20th February 1996.

Specified Bodies

2.  The following bodies are hereby specified as recognised bodies for the purposes of sections 442(2) and 443 of the Housing Act 1985 (agreements to indemnify mortgages and contributions to mortgage costs)—

(a)Bradford & Bingley Loans Limited;

(b)Bradford & Bingley Management Limited;

(c)Bradford & Bingley Secured Loans Limited;

(d)Bradford & Bingley Secured Loans Management Limited.

Signed by authority of the Secretary of State for the Environment

David Curry

Minister of State,

Department of the Environment

25th January 1996

We consent,

Simon Burns

Liam Fox

Two of the Lords Commissioners of Her Majesty’s Treasury

30th January 1996

Explanatory Note

(This note is not part of the Order)

This Order specifies four additional bodies as recognised bodies for the purposes of sections 442 and 443 of the Housing Act 1985. Other bodies have been specified by previous Orders.

Section 442 provides for a local authority, with the approval of the Secretary of State, to enter into agreements with a recognised body to indemnify such a body against any loss or expense arising from an advance made by it on the security of a house or flat bought from a local authority, a new town corporation, an urban development corporation, the Housing Corporation, Housing for Wales, Scottish Homes or a registered housing association.

Section 443 provides for a local authority to contribute towards costs incurred in connection with a legal charge to secure an advance.


Section 442(5) was amended by the Building Societies Act 1986 (c. 53), Schedule 18, paragraph 18(2).

Back to top


Print Options


Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.


Opening Options

Different options to open legislation in order to view more content on screen at once


More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources